RIVERNORTH FLEX MUNI II (RFMZ) Stock Technical Analysis
NYSE:RFMZ - New York Stock Exchange, Inc. - US76883Y1073 - Currency: USD
Overall RFMZ gets a technical rating of 0 out of 10. RFMZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
75% of all other stocks performed better in the past year than RFMZ.
RFMZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RFMZ is lagging the market slightly.
In the last month RFMZ has a been trading in a tight range between 12.63 and 13.18.
Although the technical rating is bad, RFMZ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RFMZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.09
14.75
We found 1 important support area.
- A support zone ranging from 12.21 to 12.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.75 to 12.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.86 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.23 to 14.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.59 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RFMZ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RFMZ is neutral. |
| ChartMill Relative Strength | 25.75 | NEGATIVE | RFMZ has a low relative strength, it was outperformed by 74.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.9 | NEUTRAL | The RSI value for RFMZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RFMZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests RFMZ may be oversold. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for RFMZ suggests low volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for RFMZ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:RFMZ (6/2/2025, 4:15:01 PM)
12.7
+0.01 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week0%
2 Weeks-2.68%
1 Month-1.17%
3 Month-8.9%
6 Month-10.81%
12 Month-9.99%
2 Year-11.68%
3 Year-12.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.38%
ATR Inc73.83%
Range Today0.31
ADR(20)0.17
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.75
Mansfield-1.15
10 Day High13.06
10 Day Low12.63
20 Day High13.18
20 Day Low12.63
52 Week High14.78
52 Week Low11.76
CS1 End12.45
CR1 Start12.75
Volume & EV
DER(3)3.3%
DER(5)0.49%
Volume41.80K
Volume Incr27.22%
Vol(5)80.06K
Vol(50)77.85K